The Ministry of Housing, Construction and Sanitation (MVCS) has published a new regulation that establishes Coexistence rules specific to apartment owners in buildings. This regulation, issued under the Ministerial Resolution No. 242-2024-HOUSINGhas as its main objective to improve the quality of life of residents by providing a clear framework for the administration and use of properties. The measure, which focuses on the approval of the Horizontal Property Regime Regulations, seeks to guarantee proper coexistence and the adequate management of common assets.
The new regulations of the MVCS includes the creation of a Registry of Debtors of Maintenance Fees (REDE)intended to maintain strict control over owners who do not meet their financial obligations regarding the maintenance of common areas.
Horizontal Property Regulations: What is the new regulation issued by the Ministry of Housing about?
The Horizontal Property Regulation, issued by the Ministry of Housing, Construction and Sanitation, introduces a series of provisions that affect directly to the management of the buildings and condominiums in the country.
Registry of Debtors of Maintenance Fees (REDE): how does it work?
He Registry of Debtors of Maintenance Fees (REDE) is a key tool within the new MVCS regulations. Its main function is to keep a detailed record of the owners who do not comply with the payment of the maintenance fees for the common areas. This record aims to ensure that the resources necessary for the maintenance and improvement of the general spaces are available, thus avoiding the deterioration of the facilities.
The REDE will allow building managers to quickly identify the delinquent owners and take the necessary measures to ensure payment of debts. Among the measures contemplated, the registration by the Board of Owners of those debtors to be reported to the Superintendency of Banking, Insurance and AFP (SBS).
Can a property owner be fined if he or she fails to comply with the rules of coexistence thanks to the new regulation?
Yes, the new MVCS regulations establish clear mechanisms to sanction owners who fail to comply the rules of coexistence established by the assembly of owners.
Ministry of Housing: what are its functions?
He Ministry of Housing, Construction and Sanitation (MVCS) It is responsible for formulating, implementing and supervising national policies on housing, construction and sanitation. Its main function is to promote access to decent housing and quality sanitation services, thereby improving the quality of life of the population.
In addition, the MVCS regulates the urban Development and ruralensuring appropriate territorial planning. It also manages social housing programmes and promotes sustainable construction, guaranteeing the well-being and safety of citizens in their living environments.
Source: Larepublica
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